Medical Equipment Finance - Business
Medical Equipment Finance
Purpose
For purchase of equipment & funding of ancillary equipment
Features
- Type of Facility Term Loan
- Target Group : Nursing Homes,Diagnostic Centers and Pathology Laboratories,Eye Centers, ENT Centers, Small and Medium size specialty clients like skin clinics, dental clinics, dialysis centers, endoscopy centers, IVF centers, Medical Practitioners
- Quantum of loan (Min/Max)
- Minimum: Above Rs. 10 lacs
- Maximum: Upto Rs. 20 crores
- Margin @ 15% uniformly
- Pricing : Competitive Pricing Linked to MCLR
- Repayment Period
- Term Loan: Loan is repayable in 3-7 years (including moratorium period of 6 months)
- Repayment to commence after 6 months of first disbursement. Repayment can be equated or customized as per the cash accrual of the unit.
- Interest to be serviced on a monthly basis during the moratorium period
- Processing Fee : 50% concession on card rates.
Eligibility Criteria
- Individuals, Partnerships, Corporate, Trust & Societies
- ITR is mandatory in all cases
- Applicant should have minimum 3 years of operations of the diagnostic center, pathological lab, hospital, nursing home, etc. irrespective of constitution.
- Should have required approvals/registrations from the statutory/regulatory authority
- Should have tie-up with/employed qualified doctors
Collateral Security
- No tangible collateral security for loan amounts upto Rs. 2 crores: They are to be covered under CGTMSE. 50% of CGTMSE fees will be borne by the borrower.
- For loans above Rs 2 crore and upto Rs. 20 crores: Minimum 25% tangible collateral and personal guarantee of promoters.
Other Conditions
- It must be ensured that ancillary equipment is only used for purposes connected with the main activity and cost should not be more than 10% of main equipment (for which financing is done).

Interest Rates
8.85% p.a.
Loan amount up to Rs. 3 lakhs
8.95% p.a.
> Rs. 3 lakhs & up to Rs. 5 lakhs
SME Loan
Other Products

Asset Backed Loan - Commercial Real Estate

Criteria
- Features
- Eligibility
- Terms and Conditions

Interest Rates
8.85% p.a.
Loan amount up to Rs. 3 lakhs
8.95% p.a.
> Rs. 3 lakhs & up to Rs. 5 lakhs